RenewableThis energylatest sourcesdevelopment aremarks now generating more energy than fossil fuels in the EU, marking a watershed moment in the power sector. If EU member states continue to invest in renewable energy and energy efficiency initiatives as planned in the aftermath of Russia's invasion of Ukraine, they will be on track to achieve their objectives and successfully transition away from fossil fuels.
Despite progress towardstoward climate neutrality, the EU andis Germany still painfully reliant on the import of fossil fuels due to domestic supply challenges. TheWhile Russianthis invastionreport ofis Ukraineexciting news, coupledit withshouldn't thebe energyused crisis,as hasan broughtexcuse attention to take the issuefoot ofoff importthe dependencypedal; and the needEU foris renewablestill energyfar growthfrom as a possible solution. Europe has learned to minimize its relianceclimate on Russian supplies, but still imports substantial amounts of refined oil products and LNG from other sourcesgoals.
There is a 22% chance the EU will meet its 2030 targets under the Paris Climate Treaty, according to the Metaculus prediction community.
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